Keystone Realtors Ltd

Keystone Realtor Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Keystone Realtors Ltd

₹ 627 -0.94%
15 Jan 4:01 p.m.
rustomjee.com BSE: 543669 NSE: RUSTOMJEE
About

Incorporated in 1995, Keystone Realtors Limited is one of the prominent real estate developers. The company is engaged primarily in the business of real estate construction, development, and other related activities in India[1]

Key Points

Business Overview
The company is a prominent MMR-based real estate developer and a leader in the redevelopment space. [1] It develops integrated townships, gated communities, standalone landmarks, retail spaces, commercial projects, and social infrastructure such as schools, clubhouses, and parks within townships under its brand Rustomjee. [2]

Website BSE NSE
  • Market Cap ₹ 7,863 Cr.
  • Current Price ₹ 627
  • High / Low ₹ 801 / 582
  • Stock P/E 51.9
  • Book Value ₹ 213
  • Dividend Yield 0.00 %
  • ROCE 6.58 %
  • ROE 6.40 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 27.6 to 17.2 days.

Cons

  • Stock is trading at 2.95 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.37% over last 3 years.
  • Earnings include an other income of Rs.86.7 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
84 871 234 169 46 127 344 272 618 521 812 422 533
82 760 181 164 54 119 247 209 632 512 762 381 455
Operating Profit 1 111 53 4 -8 7 97 63 -14 9 50 41 78
OPM % 2% 13% 23% 2% -18% 6% 28% 23% -2% 2% 6% 10% 15%
8 8 14 7 10 9 22 11 25 34 15 15 23
Interest 8 3 6 3 5 6 22 7 7 7 20 17 10
Depreciation 1 1 1 1 1 1 2 1 2 2 3 2 3
Profit before tax -0 116 60 7 -4 9 95 67 2 34 42 37 88
Tax % 1,533% 24% 33% 43% 6% 39% 22% 30% -108% 11% 28% 31% 26%
-1 88 40 4 -5 6 74 47 4 30 30 26 66
EPS in Rs 0.03 8.97 4.20 0.48 -0.48 0.47 6.73 4.12 0.38 2.65 2.69 2.05 5.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,211 849 1,269 686 2,222 2,287
1,075 746 1,092 582 2,113 2,110
Operating Profit 136 102 178 104 110 178
OPM % 11% 12% 14% 15% 5% 8%
57 329 34 44 82 87
Interest 128 140 23 36 40 54
Depreciation 2 2 3 5 7 9
Profit before tax 63 290 184 108 144 201
Tax % 77% 20% 26% 26% 23%
14 232 136 80 111 152
EPS in Rs 2.20 31.04 13.96 7.20 9.85 12.65
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 38%
TTM: 68%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -22%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -12%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 100 100 100 114 114 126
Reserves 327 701 833 1,556 1,684 2,552
2,514 1,220 1,563 1,030 1,101 868
1,474 1,633 1,382 1,816 3,033 2,974
Total Liabilities 4,415 3,654 3,877 4,515 5,932 6,520
195 29 33 39 355 364
CWIP 0 0 0 0 0 0
Investments 5 595 575 642 456 459
4,215 3,029 3,268 3,834 5,121 5,697
Total Assets 4,415 3,654 3,877 4,515 5,932 6,520

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
351 642 -110 306 183
-200 -235 -138 27 -278
171 -609 154 -30 -38
Net Cash Flow 323 -202 -93 303 -132

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 16 33 33 17
Inventory Days 3,791 5,193 1,482
Days Payable 380 555 256
Cash Conversion Cycle 3,431 4,653 33 33 1,242
Working Capital Days 612 532 501 890 291
ROCE % 18% 9% 5% 7%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
86.71% 86.71% 86.71% 86.71% 86.70% 86.70% 78.35% 78.35% 78.35%
2.45% 1.66% 1.49% 1.53% 2.44% 2.33% 3.24% 3.40% 3.28%
5.91% 6.64% 7.86% 7.97% 8.19% 8.72% 16.39% 16.12% 16.15%
4.94% 5.00% 3.95% 3.80% 2.68% 2.26% 2.02% 2.11% 2.22%
No. of Shareholders 29,32026,01721,21518,56016,73915,80015,79218,35718,943

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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DRHP

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